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tv   The Ed Show  MSNBC  January 21, 2010 6:08pm-7:00pm EST

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road map to reform, so to speak? is it the pre-existing condition? is it everybody getting covered? is it the doughnut hole? what has to -- what's the scaled down bill that would be acceptable to the president? >> well, ed, i talked to the president about this issue today, and he has told me and he has told all of us here at the white house, we are not giving up on complete and comprehensive health care reform. >> okay. >> obviously there are going to be discussions about the best path forward and how to get that done, but the president's view is still that narrow reforms don't solve all the problems that he thinks he was elected to address and that the people of this country want us to address. we have got to do something about accessibility and afford ability and cost and insurance reforms and the doughnut hole and we have got a plan to do that. >> doesn't sound scaled down to me. it sounds like you still want to try to get a lot done. all right, now the president -- >> i think we can do that. >> all right. the president made the comment in an interview yesterday that
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he feels like the white house has lost touch with the american people in a sense. do you -- how serious is he about that and what changes would he make to turn that around? what's he gonna do? >> look, i tell you, ed, i think what he said in that interview is much of the anger and frustration that we saw manifest itself in that election on tuesday is the same anger that we saw and frustration manifest itself in that 2008 election. people were upset about the direction of their country. people were upset that washington wasn't solving the problems that they were having every day. >> is he going to talk more to the american people? what is he going to do different? >> absolutely. the president is going to spend more time talking directly to the american people, ensuring that the special interests don't have undue sway over what people learn about this legislation. look, i will admit to a failing on this, ed. we haven't done as good a job in ensuring that the american people know what is in this bill that is good for them that is the fault of those that are hired by the president to help him communicate and we certainly
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take that responsibility. >> mr. gibbs, good to have on the ed show tonight. i appreciate it we will do it again. >> ed, thanks for having me. >> white house press secretary robert gibbs here with us tonight. and saying in that interview that they know the political dynamic on capitol hill has changed, message from massachusetts sent, message at the white house has been received. coming up, are we going to look back at today as the day that health care died? nancy pelosi says she can't get the vehicle votes to back the senate bill. my reaction to all of that in a moment. and i'm not the only one asking tough questions the president's leadership. congressman dennis cue sin niche will be here to tell it like it is in a moment. all that plus edwards drops a bomb and heads to haiti. i'm putting a lefty in psychotalk tonight. i think he really deserves it you won't want to miss it. it is coming up "the ed show." stay with us. get 2 pairs of glasses for $99.99. or take a year to pay. sears optical. don't miss a thing.
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1-877-ed-msnbc. my question tonight is do you think president obama has lost touch with the american people? press for yes, press 2 for no. we will bring you the results later in the show. stay with us. and choose any car in the aisle. choosing your own car? now that's a good call. go national. go like a pro. i switched to a complete multivitamin with more. only one a day women's 50+ advantage... has gingko for memory and concentration. plus support for bone and breast health. just what i need! one a day women's.
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welcome back to the ed show the american people elected democrats, put hem hymn in the majority in 2008 to change the country for the better. it has been tough sledding with the republicans, hasn't it? so far, not much has happened. wall street continues to hand out loads of taxpayer dollars and also goes to bonuses. health care insurance companies are still raking in huge profits while americans struggle to find insurance. my next guest thinks that we
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need to take a step back and do a serious assessment of the situation. joining me now congressman dennis kucinich of ohio. congressman, good to have you on tonight. >> thank you, ed. good to be here. >> in a generic sense, can you tell me and tell our viewers tonight where the democratic base is in general? >> in general, it's where every other base in america is, and that people want jobs. they want to make sure their homes are secure, their house that they are not going to lose their homes, foreclosure. they want health care. they want retirement security. they want investments to be secure. economics, what it's b frankly, the disconnect between the government and the people today i think is on the economic issues. and if we can start to close the gap have a little bit more communication with the people, such as we have in massachusetts, i think the democrats will recover and we will continue to be of service to the american people. >> are you going to have to pass health care to recover, because nancy pelosi is saying that over
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in the house, she doesn't have the votes to pass the senate bill. your thoughts? >> well, she is right. and the truth is though that there's nothing that stops us from passing a bill that stops -- that would stop insurance companies from denying care to people with pre-existing conditions. there's nothing that stops us from passing a bill that would cause the insurance companies to be subject to antitrust laws. nothing stops us from repealing the medicare part d giveaway to the pharmaceutical companies of a few years ago. so there are things that we can do that can directly address concerns that the american people v. >> what has gone wrong here, congressman? has the white house blown it on health care? look, we don't need to -- i'm not going to pile on the president. i will say. this the white house needs a slightly different perspective than mr. geithner and mr. summers are offering on the economy. i think they are out of touch. i don't think they have any clue what it means for the american family struggling to survive,
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because if they did they would demand banks loan money to companies, create jobs. demand that wall street creates jobs them wouldn't be saying there is a certain amount of unemployment that is sufficient for the proper functioning of the economy. they would be about jobs, jobs, jobs, we get america moving again. you know what they are not -- that is not where they are from and that is too bad. they are doing a disservice to the president. >> all right. so, the president today pretty much went against his treasury secretary and his economic adviser, mr. summers, and he put the hammer down on the banks. did he go far enough, really in the risk, and explaining what he wants to do? >> i think it is important for the fourth takepresident to tak stand on banks and consumers them didn't earn this money they got free money, they are paying themselves bonuses. this country is disintegrating while bankers are getting over $100 billion in bonuses. when you take that supreme court decision today, ed, now they are in a position with where they get free money from the government they put it into bonuses, they can also contribute unlimited money to
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campaigns so they can keep getting money from a government that is their government. you know, we have to save our democracy here. and make no mistake about it our democracy is on the line. i hope our president will continue to stand up to the banks. i hope he will stand up to the insurance companies. i hope he will let the people know if we are going to have government of the people, then we have got to challenge the hold which these corporations have on our government. >> and congressman house, tough will it be for the legislative branch to challenge that supreme court ruling today, which i think clearly opens up the flood gates for the special interests to line the pockets of politicians and buy another house or senate seat? i mean this is not in my opinion, good for the people. i think that you probably share the same opinion on this. but what legislatively can be done and how fast? >> well, one of the things i would like to see done is repeal corporate personhood. they are able to escape taxes they can don't have the same responsibilities that real people v they get a pre ride. we need to challenge corporation, hold the political process, repeal corporate
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personhood. and also need to look at what we can do to go around the buckley v vallejo rule new york other ruling to put strong controls on campaign spending. and in addition to that we have to have i think, public financing of congressional race it is either private financing of the races and then the government's owned by private interests or it's public financing and then it is government in the public interest. that is really going to be the choice we have because of the supreme court ruling. >> congressman, let me get back to health care just one more time here for a moment. why wouldn't the progressives in the house just go ahead and rubber stamp the senate bill so president obama can get a legislative victory and then come back later on and introduce some other legislation that might tweak the bill down the road? why not do that? we wouldn't be doing president obama or the american people any gave if we rubber stamped a bill that would cause workers have to give back money out of their paychecks so they could pay a tax that would then be recycled into profits of insurance companies. >> so you think it is a sellout
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to the insurance industry? >> well, yeah, that's mild way of put it. >> okay. >> but i think we don't do the president any favors, we stand up for the people and we say, look, let's go back to the drawing board. we can support our president, but we can support him by having specific health care initiatives that we can rally the american people on, get democrats and republicans to agree on and then we can move forward, but this bill, not a chance. >> congressman, great tough with us. >> thanks, ed. >> dennis kucinich from ohio "the ed show" here tonight. you are not going to believe this, but this a minute, i'm going to rise to the defense of the beckster, the drugster and slanthead? a lefty lands in psychotalk. we are right back. now, in a not-so-mini size. the all-new gmc terrain. with an epa estimated 32 miles per gallon highway. may the best car win. right now 1.2 million people are on sprint mobile broadband.
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and in psychotalktonight, well, i knew it had to happen sooner or later, we are going to do something a little different tonight, we have a lefty, a left hook. that's right. we have got radio talk show host mike malloy. now the righties have baggage like pat robertson embarrassing them from time to time. mike malloy is carrying that torch for the lefties. listen to what this guy said on his radio talk show this week. >> you right-wingers, do you not understand that the people you hold up as heroes bombed your [ bleep ] country? do you not understand that glenn beck and sean hannity and rush
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limbaugh and bill o'reilly are as complicit of the september 11th, 2001, attack as the dumb 15 that game from [ bleep ] saudi arabia? document get that? -- don't you get that? >> wow, i don't have too much respect for any of the wingnuts he mentioned in that tirade, no question about that, that they are bad for america in my opinion, but saying this they actually bombed this country is way out of line. and that talk puts you down in the gut we are the drugsteres of the world. you are an embarrassment to talk like that, that san embarrassment and you know that mike. that is why you are our very first lefty to land in psychotalk. coming up, we are going to talk to senator brown, the good one, sharon brown, not scotty, the one from massachusetts. he thinks that democrats were too slow to the punch on health
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care and that's why we are getting beat in this election cycle. and former insurance industry executive responds to robert gibbs' theory that they hate this bill. all that, plus john edwards makes a run forward to haiti. we will be right back "the ed show." until life shows up with hungry. or, you can follow the weight watchers plan entirely online and learn life skills that put you in charge. sign up for free right now and see how 31,000 food options give you options, and 1,800 recipes keep them fresh,
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welcome back to "the ed show" and thanks for watching tonight. when it's all said and done, the question is are we going to look back on this day and say that this is the day that health care died? well, nancy pell lows say said today that the senate version of the bill won't pass in the house. >> a gentle word in terms of the attitude of my colleagues toward certain provisions of the senate bill, in its present form without any change, i don't think it's possible to pass the senate bill in the house. i don't see the votes for it at this time. >> well that means the democrats are going to have to figure out how to get a bill through the senate with only 59 votes. president obama has completely
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lost control of this situation in my opinion. he has got to act and act fast. he has lost touch with the folks who put him in the white house, his base and the president admitted as much last night. >> if there's one -- one thing that i regret this year is that we were so busy just getting stuff done and dealing with the immediate crises that were in front of us that i think we lost some of that sense of -- of, you know, speaking directly to the many people about what their core values r. >> got to respect the president for that but if there was ever a president, you know, i didn't think that this one would lose touch with the american people. i didn't think it would be barack obama. that admission has got to be tough for him, and for the president to admit that it speaks volumes about where we are when it comes to health care. not so much about obama, himself, as the president, but
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about the folks he has surrounded himself w and that's something that i think has to change. this is a turning point for president obama. we got to get this done. he needs to get some new blood in the white house. he has to realize that it's not about just having your best friends around. it's about getting the job done and some real strong advice. he needs, i believe to surround himself with unvarnished opinions, folks who will tell it like it is when the banks are doing what they are doing. and he should find the most experienced an the most useful folks out there that can help him out and get him on board, like maybe john podesta or david gergen or dave cracker, former admiral in the navy. he will tell it like it is. these are guys that can come in and give some fresh advice, unvarnish and experienced. the bottom line here is president obama, as much as there is so much talk about the sea change going on, i think he has to get back to his base. when you run around for two years promising hope and change,
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when you vow to pass real health care reform with a public option, and you campaign on that, a lot of talk about, well, he didn't campaign on it oh, yes, did he. and that's what people expect him to do deliver. if you don't have the votes, you got to exhaust every effort and go reconciliation. i haven't heard enough of that word since what happened the other night in massachusetts. if president obama doesn't start listening to the american people, his base, the people that put him in there, there's going to be a real political price to pay. i believe i gave this commentary back in august. scott brown's victory in massachusetts showed democrats really no seat is safe at this point. even senator barbara boxer of california, who was re-elected in 2004 by 58% of the vote said, "every state is now in play." senator kent conrad of north dakota blamed the situation on an overly ambitious agenda. i don't buy that. at all. i think this president has done quite a bit for the first year,
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but the big potato on the table that needs to be sliced up is health care. senator brown of ohio says the democrats are in trouble because they didn't push hard enough. i have said that before. he also said that the health care bill should have passed back in september. senator brown of ohio joins us here "the ed show." senator, i want this to pass. billions of americans want this to pass. but there's a feeling at this time that the wheels have come off the wagon. i want your assessment that the hour. >> well, they haven't come off the wagon this makes it a much bigger challenge. listen, the president -- the president has tried bipartisanship. he went to republican caucus meetings in the house and senate. he brought republicans to the white house. he offered to work with them on the stimulus package. the only republican answer was more tax cuts for the rich and more deregulation. that's what got us into this situation during the bush years. then there was a member of the gang of six, when three republican senators met with three democratic senators, they had no intent, with the
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exception of olympia snowe, they had no intent to really work on legislation with us. the president's tried that. the president understands that now. ultimately, it's whose side are you on? >> so senator, that is the course correction here? i think you have laid it out perfectly, but what is the course correction? >> the course correction is figure out how to pass as much of this health care bill as we can, we can do that. we all have some ideas. we are talking about that in the caucus, but the bigger issue is immediately start talking about jobs and which side you are on the look at what happened today, the supreme court, 5-4, five republican appointees basically said corporations can give as much money as they want it is free speech. you know, corporations, george washington and alexander hamilton and thomas jefferson, they wrote all the free speech into the people that -- not george washington but people that supported the bill of rights wrote the bill of rights them weren't writing the bill of rights to give free speech to corporation bus that means even more special interest, more drug company money, more insurance company money. the president has to take these
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people on. the president has to show whose side are you on? the side of the drug companies? you on the side of the insurance companies? round the side of the middle class? i know what ed schultz's list earns think about that not just what democrats think about what side are you on in the public wants that the independents, 55% of the independents that came out of the polling booths in boston and worcester and amherst, massachusetts, said wall street has twice as many -- wall street has more influence in our government than mainstream. president obama has got to show to the american people, main street is in the driver's seat not wall street. he has got to say that we have got to keep saying that as people like ben cardin and jeff merckly and al franken and sheldon whitehouse and i say on the senate floor that's what we have got to do what we are going to be doing in the days ahead. the president coming to lorraine, ohio, my hometown, tomorrow. he knows that he knows it's about jobs. he knows it's about which side are you on? >> but the president, i think, has done a great job explaining to the american people that for
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the economy to recover we got to pass health care legislation, 'cause these bills are on the kitchen table of american families. but when should the president just cut his losses in trying to deal with the republicans? they have been obstructionist. the last guy that just went to the senate, scott brown is advertised as number 41. that's now his nickname on capitol hill. forget the republicans. ham they are thing through. why doesn't the president do that? >> well, i think you are going to see a different president obama coming out of the gate tomorrow. i don't know that i think that he reads what all of us read in this. he is at least as smart as ed schultz and sherrod brown. i think he is. maybe combined. he know what is we know on. this he has read these poll results. he has seen what happened in massachusetts. he has seen republican recalcitrants and clearly, republicans don't want us to do anything. >> anything. >> we start putting things on the floor and say are you for --
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are you for us, for the american people or are you against? are you for the drug corpse are you for the middle class? are you for the insurance companies? listen, for the last -- until -- you know, barack obama has had one year to clean up the mess that eight republican years gave us. i won my election in a swing slightly republican state in '06 because i said whose side are you on? are you on the side of the drug. companies that betrayed the middle zplas are own the side of the insurance companies that betrayed the middle zplas are you on the side of the corporations that outsourced jobs to china? round the side of the middle class in the voters get that, barack obama gets that, he is a very smart guy, he is going to step up. this state of the union speech is going to be a cull to arms energy my view, at least i'm urging him to say that. this is going to be a call to arms, that is going to put must a police that the public's going to look at 41 republicans trying to kill everything we do. >> well, senator, you are on fire, you are on point. you're speaking the truth. there's no doubt about it. i just hope this white house gets the message that the
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obstructionists offer on the right aren't going to give him anything and i think it would be great to go out on the campaign trail and say, look, we passed health care without you helping us. millions of people -- i think that is great place to be. know where the republicans are tonight? they are genuflecting on the steps of the supreme court that's where they are tonight. >> yep. >> they are buying this stuff. senator, great to have you on. >> one more thing, ed. they are -- we used to accuse them of being the party of no. they didn't like that. now they proudly wear buttons, almost buttons on the senate floor saying we are the party of no we are going to stop these things. they created this mess. their solution is more of the same. we want to take the country in a different direction. we have got to show the public that's the direction we want to go. >> senator go to the run. thank you so much. sherrod brown of ohio with us "the ed show" here tonight. this congressional battle over health care reform is great for the insurance companies. we have reached a point where i don't think they can lose. if health care reform bill fails, they win. even if it passes, they are going to get a big break.
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they are going to get a bunch of new customers. health company stock prices are soaring. the united health group announced today that their 2009 fourth quarter profit was up 30%. for more on that let me bring in former cigna health insurance executive wendell potter. mr. potter, you predicted it you said it would be a big number in the fourth quarter and there it is. did they just gouge the american people? what's happening here? >> they certainly did. what you are seeing here, united's always the first company to report earnings in these reporting cycles. the revenue was up 6.5% and their membership was down 6.5%. the way they achieved that was jacking up the premiums and driving away business they didn't want. just as i have been talking about all along. some of that attrition occurred because people are losing their jobs and losing their coverage as a consequence of that. but when you have figures like this, you are jacking up the premiums to the point that small business and individuals had to drop their coverage and that's
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what will happen if we don't pass reform. we will see more and more of that.actly right. the insurance companies will win. they will make out like bandit it is they don't have t progressives need to understand they need to get behind the effort to pass the senate bill, as much as it is flawed. speaker pole lohse said she didn't see the votes at this time and she is probably right. i call on progressive organizations to really start working to make sure that people don't miss this opportunity. we cannot take an incremental approach. we cannot just ban pre-existing conditions and be done with it. >> mr. potter, if i recall this is the first time you've been on record saying that this bill should be passed. >> yes. i have said that there are some elements of this that i don't like and i continue to say that. >> but you're saying the democrats should take the deal? >> they should take the deal. we don't have a better alternative that's available us to f this fails, we are going to being many, many years of not
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having the ability to do. this look, the la time we tried to do an incremental approach was after the clinton bill fell. >> yep. >> we said then, the progressives said then that we will just change the system incrementally. where did they thank get us? we wouldn't be here today if that had worked. >> mr. porter, great to have you with us tonight. i appreciate your time so much. >> thank you. for more, let me turn to our panel tonight it has been a big day in news, host of grittv.org, laura flanders with us tonight and republican strategist, john fearry. i want to go become to the supreme court ruling today. it was 5-4 allowing special interest groups, corporations to throw unlimited money at campaigns. john fearry is this good for the country? >> ed in my opinion it is good for the country. i believe in the freedom of speech. i don't like the idea of politicians and the government dictating what's political speech and what's not. i like the idea of everyone having as much free speech and i can.
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>> this about free speech or -- i mean there were limits on what you could do in a federal campaign, a state campaign and now those limits are gone. i mean, they could -- there's unlimited money, john this kills the little guy's voice, doesn't it? >> ed, there was unlimited money in the last campaign, if you recall, all unregulated outside through things like moveon.org, all kinds of unlimited money, blame the campaigns big time. labor unions blaming the campaigns big time. this is going to even the playing field it is pro-free speech. i'm all for it. >> wow. going to level the playing field? laura flanders, your take on it? >> is balance lopeny. you know the corps railings have 17 times as much money as labor will have freed up by this decision. you know, we need to start putting the pieces together here, sherrod brown talked about the insurance companies and wendell potter, too, running away with our health care debate. they are running away with our democracy. i want to you think, i'm in new york city and we have got a struggle going on in upstate around whether companies like exxon should be allowed to use chemical fracturing to extract
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not-so-natural gas from the shale. just imagine you're one of those upstate legislators trying to make their best mind up about this decision and you've got exxon running a campaign against you you are completely right. not just about which voices get heard it is about which get silenced. >> what is going to happen, john fear rib, you are going to see corporation gouge the public, take that money and throw it to the campaigns to defeat or support anything they want for the good of them and not for the people. how can you say that levels the playing field for the little guy? >> let me ask one question, ed, who hire s and employs most of the people in this country? corporations. so, if you are anti-corporation -- >> why not just give them the whole government? why not give them the whole government, let them vote, why don't you let goldman sachs just run for president? >> i don't like the idea of politicians telling people what is free speech wind like these limits to be -- >> they tell us campaign after campaign after campaign, the little guy doesn't get a word n. >> the little guy has plenty of
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words in, they mobilize. the little guy is one that got scott brown elected. >> wait a minute. the chamber of commerce floated a lot of money to that guy and you know that john fear rib, laura flanders, great to have you with us tonight it is a subject we will continue to talk about here "the ed show." coming up, john edwards has managed to do himself -- i don't know why where this guy is coming from, but he admitted that he is the daddy. so we are going to talk about that in a few moments. stay with us. we are right back "the ed show." you're the colon lady! diarrhea, constipation, gas, bloating. that's me!
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can i tell you what a difference phillips' colon health has made? it's the probiotics. the good bacteria. that gets your colon back in balance. i'm good to go! phillips' colon health. not too late to let us know what you think 1-877-ed-msnbc the question, do you think president obama has lost touch with the american people? press 1 for yes, press 2 for. no again, the number to dial is 1-877-ed-msnbc. we are right back. ♪ spread a little joy and see ♪ need a little happiness to be ♪
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♪ living the life with me ♪ ♪ spread a little joy and see ♪ need a little happiness to be ♪ ♪ living the life with me ♪
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welcome back to "the ed show." n nowto the latest on haiti.
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14,000 u.s. soldiers are now supporting relief efforts on the ground and at sea. by sunday evening that number is expected to rise to around 25,000. just to put that into perspective for you that is the same number of troops sent to iraq during the 2007 surge n a surprising move, john edwards arrived in haiti today with medical supplies and a team of doctors to assist in the relief effort. edwards trip to the disaster area comes at a very interesting time in his personal life. just this morning, he admitted he was the father of quinn, the 2-year-old daughter of his mistress, rey'all hunter. stocks took a major nosedive after the president announced a plan to regulate risky behavior of the big banks. cnbc's john harwood will break it down for us next in our playbook. stay with us. express each one more with downy simple pleasures feel more calm
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and in my playbook tonight, america changed today and i don't think it is for the better. the supreme court issued a ruling that will change the entire political landscape as we know it by ruling to remove limits on corporations from spending their money on federal races. companies will now be free to spend as much advertising as they want to support or attack a potential candidate. cnbc's chief washington correspondent, john harwood, joins us tonight. john, the nuts and bolts of t s this, there is no limit now,
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they can just spend as much money as they want, correct? >> they can. and look this is a complicated subject. corporation, and labor unions for that matter, have had the ability legally to run so-called issue ads, end bent dent expenditure ads that could not explicitly advocate the particular election of a member but strongly suggest t lots of view verse seen those on their screens for some years now under mccain/feingold, the provision that triggered the case struck down today, under mccain/feingold there had been a limitation in the last 60 days of a general election, you couldn't use the name of the candidate and that was deemed to be against the rules because mccain/feingold was trying to limit the influence of the corporation. the supreme court says you can't limit it now the corporation and labor unions can run ads that look just like the candidates' ads, can explicitly say vote for barack obama, vote for john mccain, and the question is how much are corporations now going to flood the air waves, along
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with the candidates, along with other special interest groups? and we will just see how crowded the air waves get. a lot of times there isn't that much more time you can buy. we don't know how deeply this will be felt by the electorate and also where weather congress passes a fix, democrat wants to do that, ed. >> the reaction from the white house was swift today and on capitol hill. the chairman of the senate judiciary committee, patrick leahy from vermont, says this is a clear reason for ordinary citizens to be concerned that this divisive ruling will, in reality, allow powerful corporations to drown out the voices of everyday americans in future campaigns. this ruling is, no doubt, yet another victory for wall street at the expense of main street, america. how will advocacy groups raise money now? it seems to me it would be right to the firewall. i mean to keep up with the corporations might be a tough thing to do. >> look, i think this is going to goose everybody's fund raising because the people on the other side of those large corporation, which, let's face
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it have got a lot of money to begin with, are going to raise money like crazy to counter them. i do have to say it is a political matter, from the interests of people like you, ed, who want white house to adopt a more combative posture. this might help them rally the troops some. what you know, the white house has been looking at a republican party that's very, very energized. we saw that in massachusetts, we have seen now the obama white house is trying to respond by picking fights with wall street with and large financial institutions. you saw that initiative laid out by the white house today to limit the size and risky activities of the banks. this is at peace with that you can see the democrats and those in congress say, hey, wait major the corporation and big interest special interests are coming after the interests of average people. we will stand up and fight for them them don't mind that argument at all. >> finally, john, the president going after the banks today, reeling in the risky behavior. all right congress follow? >> a lot of this is subject to the financial regulation legislation that's passed the house and also the senate.
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odd pr you had a provision in the house bill that allowed regulators to place limits and today, there were blanks fill in saying here is how we would limit, use our regulatory authority to limit the banks by limiting you the liabilities they could have and say you can't play sass keno with your own money if you are benefiting from the special provisions taxpayers give you by virtue of being a bank. i think democrats will welcome making this argument and republicans may think twice about opposing it, ed. one thing to go after health care and say to the average person that is going to raise your tax and hurt your coverage but another thing to say oh, we are standing up for the big banks. >> john harwood at the white house, appreciate your time tonight. >> you bet. >> thanks so much. it definitely is a road map to recovery. and air america radio announced late this afternoon that they will no longer be in business, effective on monday. and i want to remind our viewers and listeners it does not affect my radio show. tonight in our phone survey, i asked do you think president obama's lost touch with the american people? 63% of you say yes.
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37% of you say no. and two programming notes tonight, keith olbermann will have a special comment on the supreme court decision today. and rachel mad do you widow wil interview tsa nominee, erroll southers. "hardball" is next. see you tomorrow night. the obama drama, act two begins. let's play "hardball." good evening. i'm chris matthews in new york. leading off tonight, once more with feeling, one year after barack obama was inaugurated on a wave of hope and optimism, how did we reach the point where the democrats are so comatose they let a republican win massachusetts? the answer may be that the democrats misread the 2008 election. and that the wave that swept mr. obama in could just as easily sweep democrats out. did they believe, for example,
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that a vote for change meant a vote for sharp shift in ideology? that the public, after eight years of bush, was suddenly ready to trust government to do things big and do them right? can the democrats now turn the general anger against big-shots against republicans? that's our top story tonight. one area where the president may be able to capture the public attitude is by going after wall street and the big banks to take the regular person's anger at wall street and the economic powers that be and use it against republicans. today, he proposed tough new limits on banks. can he get the public behind him? there's the here we go embarrassment of john edwards who admitted today, he finally did, what everyone suspected, that he was the father of rielle hunter's child. we also now know that edwards lied when he said the child couldn't be his.
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his affair occurred when elizabeth edwards' cancer was in remission. latest update. edwards has landed in haiti to do good. the president suggesting he may take what he can g o

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